Sectional Title / Ownership Model
How it works
- Residents own their units outright, similar to a traditional property purchase, and pay levies to a body corporate for communal maintenance and services
- The scheme operates under the Sectional Titles Scheme Management Act
Common Challenges
- Ensuring adequate reserve funds for long-term maintance
- Managing levy contributions effeciently
- Supporting trustee govermance and compliance
How Avena Wealth Adds Value
- Professionally managing reserve and levy funds
- Supporting trustees with compliance and fiduciary governance
- Risks Management
- Providing transparent, independent reporting
- Helping trustees maintain financial sustainability and property value
Avea Wealth helps sectional title scheme preserve property value while ensuring responsible goverance and compliance